Fibonacci Retracements Analysis
Fibonacci retracements are actively used by traders, when they study how impulses are formed and try to find levels of possible trend corrections. Fluctuations in the prices of certain assets often repeat the Fibonacci sequence. As a result, they may have some additional information on possible direction of the currency market movement in the future.
Fibonacci analysis is a popular and useful tool for a trader, it works well for both long and short timeframes. This page presents Fibonacci analysis from RoboForex experts that will help you invest more wisely. To make trading even more efficient, combine Fibonacci analysis with other technical analysis tools such as Ichimoku indicators and Japanese candlesticks.
16.10.2019
Fibonacci Retracements Analysis 16.10.2019 (GBPUSD, EURJPY)
After the convergence, GBPUSD has formed a strong impulse to continue the rising correction, while EURJPY has tested its previous high.
15.10.2019
Fibonacci Retracements Analysis 15.10.2019 (EURUSD, USDJPY)
EURUSD has slowed down its ascending tendency, while USDJPY may start a short-term pullback after breaking the high.
14.10.2019
Fibonacci Retracements Analysis 14.10.2019 (GOLD, USDCHF)
Bears are trying to push XAUUSD towards the lows, but bulls are wide awake; USDCHF is correcting after the divergence.
10.10.2019
Fibonacci Retracements Analysis 10.10.2019 (AUDUSD, USDCAD)
AUDUSD is protracting its short-term correction; USDCAD is trading sideways after completing a strong ascending impulse.
09.10.2019
Fibonacci Retracements Analysis 09.10.2019 (GBPUSD, EURJPY)
After completing the pullback, GBPUSD continues forming the descending wave; EURJPY is forming a new rising impulse after finishing the descending wave.
08.10.2019
Fibonacci Retracements Analysis 08.10.2019 (EURUSD, USDJPY)
EURUSD intends to reverse upwards; USDJPY is finishing the correction and trying to start a new rising wave.
07.10.2019
Fibonacci Retracements Analysis 07.10.2019 (GOLD, USDCHF)
XAUUSD is rising after the convergence, while USDCHF has reached a significant upside target, which was followed by the divergence.
03.10.2019
Fibonacci Retracements Analysis 03.10.2019 (AUDUSD, USDCAD)
After testing the mid-term low, AUDUSD is about to start a pullback; USDCAD has completed the correction and is currently forming a strong ascending impulse, which may reach the high.